Report: Adobe Acquires Collaborative Design System Figma For $20 Billion

Adobe has acquired online collaborative design platform Figma for nearly $20 billion in cash and stock, marking the largest purchase of a private software company to date, according to Bloomberg’s. Creative Cloud group technology online.

You can expect to see Adobe’s visual editing features find their way into the Figma platform, and the two companies expect the purchase to end sometime in 2023 if it gets approval from regulators and shareholders. Figma co-founder and president Dylan Field will continue to lead his company if and when the acquisition is completed, but will report to David Wadhwani, Adobe’s digital media leader.

Don’t worry that Adobe will completely revamp Figma, at least not initially. In a blog post, Field emphasized that Adobe is “strongly committed” to keeping Figma an independent company.

There is no “plan” at the moment to change Figma’s pricing, and it will remain free for education users, Engadget reports. While the CEO was hoping to leverage Adobe’s expertise for upgrades, he also expected to continue to run Figma as he did before. And while the acquisition is huge, it’s not surprising given Adobe’s previous moves.

It bought the video collaboration platform Frame io in 2021, and has started moving into web-based tools with offerings like Creative Cloud Express.

And Figma is a logical (if major) extension of this strategy—it can help make online teamwork a staple of the creative process at companies that regularly use software like Photoshop and Premiere.

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